Ajinomoto (2802) announced its consolidated interim results with a decrease both in net sales and operating income due to the currency translation effects of International Food Products.

◎Consolidated Results for the Interim Period Ended September 30, 2016
・The decrease both in net sales and operating income was recorded such as net sales decreased by a 11% year-on-year to ￥522.5 billion, and operating income decreased by a 17% to ￥39.1 billion.
＜Net sales＞
① International food products: Negative effect of currency translation. (-￥34.6 billion)
② Animal nutrition: Lower unit prices for products, etc. (-￥13.5 billion)
③ Other: Making EA Pharma Co., Ltd. an affiliated company accounted for by the equity method, etc.(-￥16.0 billion)
＜Operating income＞
① International food products: Negative effect of currency translation. (-￥4.8 billion)
② Animal nutrition: Lower unit prices for products, etc. (-￥6.0 billion)

◎Consolidated Results by Segments
Japan Food Products；Increase income in seasonings & processed foods and substantial increaseing frozen foods, etc.
International Food Products；Effect of currency translation (-￥4.8 billion).
Life Support；Substantial decrease income due to animal nutrition (-￥6.0 billion).
Healthcare；Effect of currency translation (-￥0.6 billion)
Other；Decrease income due to making EA Pharma Co., Ltd. an affiliated company accounted for by the equity method, etc.

◎Forecast for the Fiscal Year Ending March 31, 2017 (FY2016)
・The forecast is revised such as net sales changed downward to ￥1,950 billion, which is the decrease of ￥9.5 billion vs. initial forecast for FY2016, and operating income changed downward to ￥81.5 billion, which is the decrease of ￥9.5 billion downward in the same comparison as the above.
・In the final fiscal year of the FY2014-2016 Medium-Term Management Plan, both net sales and operating income are revised downward due to impact of exchange rates and slump in feed-use amino acids market.
・Substantial negative impact of exchange rates due to appreciation of the yen. Increasing positive impact in raw materials and fuel vs. initial forecast for FY2016.We will promote measures to further raise profitability to achieve the targets of the revised forecast in FY2016.
・Business is steadily growing despite the substantial negative impact of exchange rates. Excluding the impact of exchange rates, sales and income increased.
・In the first half, operating income fell sharply due to the negative effect of currency translation and slump in the animal nutrition market.
With similar conditions in the second half, we aim to achieve the revised forecast in FY2016 through growth of specialty products, etc.